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To: Gridbird who wrote (34183)7/11/2018 10:35:43 PM
From: E_K_S  Read Replies (2) | Respond to of 48864
 
Re: Do not own or follow but just saw FPI off 15% plus..? Tariffs?

Based on that formula, $18.00/share for the preferred would equal $3.15/share FPI common on a forced redemption.

Interesting arbitrage as the preferred is not superior to the common if/when common shares get stressed.

Wonder if the LAND preferreds have such a provision? It's in the details where things get interesting.

Thanks for the info.

EKS